Evolution shares slide as Q1 revenue and EBITDA miss estimates

Evolution AB (publ)

22/04/2026 08:16

** Shares in Swedish B2B online casino provider Evolution EVOG.ST fall 4.2% after the company missed Q1 estimates

** It reported Q1 EBITDA of EUR 335.3 million  ($393.94 million), slightly below the LSEG consensus estimate of EUR 338.9 million

** Q1 revenue came in at EUR 513 million, slightly below analysts estimates of EUR 515.1 million

** According to Jefferies, Asia delivered a second consecutive quarter of sequential growth, though management cautioned that volatility and uncertainty are likely to persist for the rest of the year

** Europe disappointed, with revenue down 12% year on year due to ongoing regulatory volatility, the brokerage adds

** Jefferies also points to no new share buyback being announced ahead of the April 24 AGM

** Including today's decline, the stock is down 2.79% year to date

($1 = 0.8511 euros)

 (Reporting by Agnieszka Gosciak-Rabalska)

 ((Agnieszka.Gosciak@thomsonreuters.com; +48 58 769 66 00;))